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About New System


Wilko rescue deal failed because of greed, claims HMV boss

Wilko rescue deal failed because of greed, claims HMV boss
Nov 28,2023 4:21 am

... Mr Putman, who rescued HMV UK in 2019, told the BBC s Today programme that when saving businesses it is important to be given access to their IT system for around four months to allow a transition to a New System...

Scout Association fees rise to pay for new safeguarding measures

Scout Association fees rise to pay for new safeguarding measures
Nov 23,2023 9:01 pm

... Visits to local groups are being considered and the New System, due to start in the first half of next year, will provide additional scrutiny at local, county and national level, the association says...

Alcohol duty frozen until next August

Alcohol duty frozen until next August
Nov 22,2023 11:11 am

... " We are pleased that the frustrations of consumers, who are fed up with never ending price rises, and of businesses struggling with the cost and complexities of the New System have been heeded, " Mr Beale said...

Welfare cuts worth billions planned by ministers

Welfare cuts worth billions planned by ministers
Nov 12,2023 7:41 pm

... Existing recipients of the benefit payment would eventually be brought into the New System, towards the end of the decade, but would be given transitional protection if their benefits were to be cut...

Overseas doctors will remain 'crucial' despite recruitment drive - regulator

Overseas doctors will remain 'crucial' despite recruitment drive - regulator
Nov 12,2023 7:11 pm

... " I know I would need support to adapt to the New System, " she told the BBC...

Children's health warning system rolled out by NHS

Children's health warning system rolled out by NHS
Nov 2,2023 9:51 pm

... Parents and carers are " at the heart of the New System" NHS chiefs say...

Brexit: New system begins for moving goods from GB to NI

Brexit: New system begins for moving goods from GB to NI
Oct 1,2023 2:41 am

...By John CampbellBBC News NI economics and business editorA key part of the Windsor Framework has been implemented with the start of a New System for moving goods from Great Britain to Northern Ireland...

Google DeepMind AI speeds up search for disease genes

Google DeepMind AI speeds up search for disease genes
Sep 19,2023 11:11 am

... The New System, called AlphaMissense, can tell If the letters in the DNA will produce the correct shape...

Wilko rescue deal failed because of greed, claims HMV boss

Sep 5,2023 3:01 am

By Dearbail JordanBusiness reporter, BBC News

The owner of HMV has claimed greed prevented his rescue bid for Wilko from going ahead, which could have potentially saved thousands of jobs.

Canadian billionaire Doug Putman said firms, including some landlords, had been " super inflexible" and made a deal " literally impossible".

Wilko collapsed in August leaving 12,000 workers facing redundancy.

Lisa Wilkinson , Wilko's former chair and granddaughter of The Founder , will face MPs on Tuesday over its demise.

The Business and Trade Committee will question Ms Wilkinson over The Family 's decision to take millions of pounds worth of dividends out of Wilko.

She and Wilko's former chief executive, Mark Jackson , will also be asked about what attempts were made to save the retailer and whether crucial advice was ignored.

Mr Putman, who rescued HMV UK in 2019, told The Bbc 's Today programme that when saving businesses it is important to be given access to their IT system for around four months to allow a transition to a New System .

" But for those four months, the amount of money that the companies want to charge made the Wilko deal literally impossible to do and that was something that was found out really late in The Game , " He Said .

" One of The Landlords where the servers were stored, I think the facility was A Million square feet and the servers were in this tiny little room and they wanted rent on the whole million square feet for us to be able to keep the servers.

" So I would say everyone just got a little bit greedy and unfortunately weren't thinking about the 10,000-plus jobs that would have been saved and were only thinking about their little piece of it. "

Mr Putman was speaking after he last week.

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Source of news: bbc.com

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